#United States #Edelson Lechtzin #Newtown, Pennsylvania #Tungray Technologies #NASDAQ TRSG

Investigation Alert: Edelson Lechtzin LLP Investigates Tungray Technologies Inc.

Edelson Lechtzin LLP, a prominent class action law firm, has announced an investigation into Tungray Technologies Inc. (NASDAQ: TRSG) concerning allegations of potential breaches of federal securities laws. This comes in light of claims suggesting that Tungray may have provided misleading business information to its investors, raising concerns over the integrity of their financial reporting.

Background on Tungray Technologies Inc.

Founded in 2022 and headquartered in Singapore, Tungray Technologies offers a range of industrial solutions. These include automated systems for testing, welding machinery, and robotics designed for various manufacturing processes. The company has operations not only in Singapore but also in China, creating an international presence in the industrial sector.

Recent Developments

On December 31, 2024, Tungray Technologies submitted a Form 6-K to the U.S. Securities and Exchange Commission (SEC). This submission revealed alarming news: on December 30, 2024, the company’s Board of Directors determined that its financial statements for the fiscal years ending December 31, 2021, 2022, and 2023 were no longer reliable. This assessment stemmed from recommendations made by the Audit Committee and inputs from management.

The implications of this revelation extend beyond just the mentioned financial statements. It covers all related reports such as press releases, earnings announcements, and communications associated with the company’s Annual Report filed on Form 20-F on April 26, 2024. Such significant lapses in financial integrity can lead to detrimental consequences for both the company and its investors, damaging trust and potentially leading to legal repercussions.

Encouragement for Affected Investors

Edelson Lechtzin LLP is inviting investors who may have suffered substantial losses in Tungray Technologies’ shares, or who might possess relevant non-public information, to come forward and share their experiences. The law firm is actively seeking to gather all pertinent information to assist in their investigation, emphasizing that individuals with insights related to these matters can provide valuable feedback.

If you are a Tungray Technologies investor impacted by these developments, you can contact attorney Eric Lechtzin directly at Edelson Lechtzin LLP via phone or email. They are poised to offer assistance as they explore the potential legal ramifications surrounding these allegations.

About Edelson Lechtzin LLP

Edelson Lechtzin LLP operates nationally with offices located in Pennsylvania and California. The firm specializes in class actions and collective litigation, focusing on a variety of issues including federal antitrust laws, investment fraud, wage theft, and consumer fraud, among others. Their extensive experience in similar cases positions them effectively to handle securities violations and provide robust support to affected investors.

For ongoing updates about the case and further developments, stay connected with Edelson Lechtzin LLP. They strive to keep up the momentum of transparency and accountability in the wake of any allegations against companies under their scrutiny.

If you are interested in learning more about the situation or would like to discuss a potential claim, feel free to reach out to the firm either through their website or directly using the contact information provided above.